Sentences with phrase «letter of credit as»

(1) A credit services organization, its salespersons, agents, and representatives, and independent contractors who sell or attempt to sell the services of a credit services organization may not do any of the following: (a) conduct any business regulated by this chapter without first: (i) securing a certificate of registration from the division; and (ii) unless exempted under Section 13 -21-4, posting a bond, letter of credit, or certificate of deposit with the division in the amount of $ 100,000; (b) make a false statement, or fail to state a material fact, in connection with an application for registration with the division; (c) charge or receive any money or other valuable consideration prior to full and complete performance of the services the credit services organization has agreed to perform for the buyer; (d) dispute or challenge, or assist a person in disputing or challenging an entry in a credit report prepared by a consumer reporting agency without a factual basis for believing and obtaining a written statement for each entry from the person stating that that person believes that the entry contains a material error or omission, outdated information, inaccurate information, or unverifiable information; (e) charge or receive any money or other valuable consideration solely for referral of the buyer to a retail seller who will or may extend credit to the buyer, if the credit that is or will be extended to the buyer is upon substantially the same terms as those available to the general public; (f) make, or counsel or advise any buyer to make, any statement that is untrue or misleading and that is known, or that by the exercise of reasonable care should be known, to be untrue or misleading, to a credit reporting agency or to any person who has extended credit to a buyer or to whom a buyer is applying for an extension of credit, with respect to a buyer's creditworthiness, credit standing, or credit capacity; (g) make or use any untrue or misleading representations in the offer or sale of the services of a credit services organization or engage, directly or indirectly, in any act, practice, or course of business that operates or would operate as fraud or deception upon any person in connection with the offer or sale of the services of a credit services organization; and (h) transact any business as a credit services organization, as defined in Section 13 -21-2, without first having registered with the division by paying an annual fee set pursuant to Section 63J -1-504 and filing proof that it has obtained a bond or letter of credit as required by Subsection (2).

As of December 31, Omega had approximately $ 21 million in contractual receivables outstanding, which is partially offset by $ 9.3 million letter of credit as well as significant personal guarantees.

In this scenario, you obtain a letter of credit from your customer when the order is placed, and the material for the bags is purchased using this letter of credit as security.

Not exact matches

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment aCredit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), NMG will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

If at any time the aggregate amount of outstanding revolving loans, unreimbursed letter of credit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit drawings and undrawn letters of credit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit under the Asset - Based Revolving Credit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment aCredit Facility exceeds the lesser of (a) the commitment amount and (b) the borrowing base (including as a result of reductions to the borrowing base that would result from certain non-ordinary course sales of inventory with a value in excess of $ 25 million, if applicable), we will be required to repay outstanding loans or cash collateralize letters of credit in an aggregate amount equal to such excess, with no reduction of the commitment acredit in an aggregate amount equal to such excess, with no reduction of the commitment amount.

KeyBank N.A. provided the construction loan and construction letter of credit facility for the project, while KeyBanc Capital Markets Inc. acted as lead arranger for the deal.

Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset - based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed - income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online / electronic products.

You will need to provide Canadian Tire Petroleum with a bank letter of credit which will be used as security for the gasoline inventory.

As of March 22, 2013, the company had $ 194 million in available capacity under its revolving credit facility after taking into account outstanding letters of credit and had $ 89 million of vacation ownership notes receivable eligible for securitization.

Eleven of the banks — Bangkok Bank, BBVA (Banco Bilbao Vizcaya Argentaria), BNP Paribas, HSBC, ING, Intesa Sanpaolo, Mizuho, RBS (Royal Bank of Scotland), Scotiabank, SEB and US Bank — are preparing to use R3's blockchain software Corda to test an application aimed at cutting costs and increasing efficiency in the processing of sight letters of credit, which, as it is intended, will be payable immediately upon receipt of the letter and supporting documents by the relevant financial institution.

The IRS published a Private Letter Ruling last Friday, responding to a request to determine whether, the cost of installing energy storage to be integrated into a residential PV system would qualify as a «qualified solar electric property expenditure» eligible for the Investment Tax Credit (ITC).

As of June 20, 2014, the company had $ 197 million in available capacity under its revolving credit facility after taking into account outstanding letters of credit and had approximately $ 170 million of gross vacation ownership notes receivable eligible for securitization.

Banks involved in testing Project Ubin, including Bank of America Merrill Lynch and HSBC Limited, as well as government organizations like the Infocomm Development Authority of Singapore are seeking to exploit the capabilities of blockchain provenance systems to improve efficiency and security for transactions such as letters of credit (LOC); LOCs support some $ 2 trillion of transactions in the importer / exporter market, but can be difficult to manage, as they generate a copious amount of time - consuming paperwork.

The price of a franchise will be $ 6.25 million, and an additional $ 1.5 million letter of credit must be filed with the league office to underwrite any unforeseen crises — such as bankruptcies or unmet payrolls.

In a response letter to Leahy dated May 12, 2016, President Conway - Turner pledged to remove the research foundation as administrator of IGPE and determine whether the nonprofit was improperly managing any other campus programs «that require the payment of tuition by students or involve credit bearing courses» by the end of the fiscal year.

Wells Fargo, as the private construction lender for the project, issued a $ 72 million letter of credit to enhance the tax - exempt bonds, and made an $ 8.3 million construction loan.

Towns explained in the letter that he retained «discretionary authority» to award and allocate low - income housing credit to a project «irrespective of its point ranking» as determined by DHCR staff.

The letter credits the sponsors of the bills, Senator David Carlucci and Assemblymember Ellen Jaffee, as well as co-sponsor Assemblymember Kenneth Zebrowski, with designing a plan the county legislators describe as a collaborative partnership between a state - appointed monitor and East Ramapo officials to develop a five - year plan to improve the operation of the district and rebuild trust in the community.

In a Nov. 15 letter to Speaker Paul Ryan, R - Wis., and Minority Leader Nancy Pelosi, D - Calif., a broad array of scientific and engineering societies called on House leaders to drop provisions in the tax bill (H.R. 1) that would eliminate tax credits, known as the Lifetime Learning Credit and the Hope Scholarship Credit, that alleviate the financial strain of higher education by providing a dollar - for - dollar reduction in the income tax liability of eligible students.

In a letter to the university community, UC Board of Regents chair Richard Blum credits Dynes with having «strengthened links between university research and applications of that research by industry» as well as «broadening UC's international presence by forging key new partnerships with leading universities around the globe.»

This is a crucial part of the Asian Date site as most of the women registered as members are living in China or the Philippines although there is also a large selection of women in the USA, Europe and Oceania.The site is free to join but does operate a paid credits service which funds live chat, Camshare and love notes / letters as well as virtual gifts and actual gifts (you can organise a delivery of flowers through the service).

The system of payment for opening letters is the following: men should first purchase credits (as low as $ 1 per credit) and then apply credits to each opened letter.The number of credits needed to open each letter varies.

As you see, UADreams charges $ 6.99 for 1 E-mail credit, $ 6.99 for 1 Decoration of the letter or $ 14.95 for 10 minutes VideoChat + 3 minutes Free.

Usually men are required to pre-purchase «credits», and opening each letter takes 1 or more credits, as well as several credits are deducted from your account per minute of chat of video chat.

The bilious purple lettering of the credits prepares us for Conrad Hall's photographic style through the first half or so of Smile: motion aside, everything appears as it might in a drugstore - developed roll of Kodacolor snapped on a picnic.

These letters form the basis of «Trumbo,» a documentary about the writer's life based on the play «Trumbo» by his son Christopher and featuring powerful staged readings of the letters by such performers as Brian Dennehy, Paul Giamatti, Nathan Lane, Liam Neeson, David Strathairn, and Michael Douglas — whose father, Kirk, interviewed in the film, helped break the blacklist in 1960 by insisting that Trumbo be credited as the screenwriter for «Spartacus.»

The curriculum would be derived from hundreds of job analyses, such as what a department store credit clerk actually did: «meets people who desire to open accounts, asks them for information, writes form letters or telephones for references.»

To fix this problem, states should either require letters of credit equal to a share of the school's revenues as a condition of operating in a state, or they should establish a tuition recovery fund that can be tapped if a closure occurs.

After initial determination of eligibility and receipt of the Advisors» Fees Upfront Payment and, for TIFIA applicants, the preliminary rating opinion letter, and upon request from the DOT, present the project to the review team and advisors, as well as representatives of the Bureau and the DOT Council on Credit and Finance.

As described in Chapter 5, the Bureau will not present an application to the Credit Review Team and Council on Credit and Finance until all prerequisite to receipt of credit assistance, such as receipt of a final NEPA determination, receipt of a preliminary rating opinion letter (for TIFIA credit assistance), and satisfaction of the eligibility requirements described in Chapter 3, have been satisfieAs described in Chapter 5, the Bureau will not present an application to the Credit Review Team and Council on Credit and Finance until all prerequisite to receipt of credit assistance, such as receipt of a final NEPA determination, receipt of a preliminary rating opinion letter (for TIFIA credit assistance), and satisfaction of the eligibility requirements described in Chapter 3, have been satiCredit Review Team and Council on Credit and Finance until all prerequisite to receipt of credit assistance, such as receipt of a final NEPA determination, receipt of a preliminary rating opinion letter (for TIFIA credit assistance), and satisfaction of the eligibility requirements described in Chapter 3, have been satiCredit and Finance until all prerequisite to receipt of credit assistance, such as receipt of a final NEPA determination, receipt of a preliminary rating opinion letter (for TIFIA credit assistance), and satisfaction of the eligibility requirements described in Chapter 3, have been saticredit assistance, such as receipt of a final NEPA determination, receipt of a preliminary rating opinion letter (for TIFIA credit assistance), and satisfaction of the eligibility requirements described in Chapter 3, have been satisfieas receipt of a final NEPA determination, receipt of a preliminary rating opinion letter (for TIFIA credit assistance), and satisfaction of the eligibility requirements described in Chapter 3, have been saticredit assistance), and satisfaction of the eligibility requirements described in Chapter 3, have been satisfied.

Because credit assistance can not be awarded until a project has received a final NEPA determination (as described above in Section 3 - 3), all applicants for credit assistance must demonstrate in the Letter of Interest / Draft Application that the project for which credit assistance is being sought is reasonably likely to have completed the NEPA process prior to the anticipated financial closing date.

As noted above, the DOT will be updating the Letter of Interest / Draft Application forms to reflect changes made to the TIFIA and RRIF Programs by the FAST Act and to consolidate them into one unified Letter of Interest form that can be used for TIFIA, RRIF, or joint credit assistance.

The DOT will not complete its creditworthiness review until the project sponsor has provided all requested information and materials, including, for TIFIA credit assistance, a preliminary rating opinion letter, and, for all forms of credit assistance, the Advisors» Fees Upfront Payment necessary to enable the DOT to engage its outside financial and, as and when necessary, legal advisors.

Once these milestones are complete, DOT can expeditiously accept the Letter of Interest or Draft Application, as the case may be, and formally move the Project into the credit underwriting process.

As noted in Chapter 1 and in the Letter of Interest / Draft Application discussion in Section 4 - 1 above, the DOT requires applicants for and recipients of DOT credit assistance to reimburse the Federal Government for its out - of - pocket costs for its outside legal counsel and financial advisors needed to review an applicant's Letter of Interest / Draft Application and application, and to negotiate and close the credit agreement.

A new Letter of Interest Form has been posted for states and cities across the country to apply for direct loans, loan guarantees, and standby lines of credit through TIFIA as a result of the Fixing America's Surface Transportation (FAST) Act.

Typically, UK agents just want a brief covering letter, with title, word count, and genre, a short, straightforward description of your book (as in a couple of sentences), your contact info, and a description of your writing credits, if you have any.

If I was any of the credit bureaus, I would always send the letters back as «Frivolous».

We will prepare and submit an initial round of dispute letters for items appearing on your credit reports, which you indicate are either inaccurate, incomplete, obsolete or unverifiable as per the Fair Credit Reportincredit reports, which you indicate are either inaccurate, incomplete, obsolete or unverifiable as per the Fair Credit ReportinCredit Reporting Act;

credit applications - credit provider, amount of credit and type of credit (for example interest free loan, home loan, credit card) credit defaults - overdue payments of 60 days or more when you have been sent a letter notifying you of the default credit defaults that have been paid serious credit infringements or «clearout» listings - this is when the credit provider has unsuccessfully tried to contact you in writing and has reported you as a missing debtor.

Ovation provides a number of credit correction and improvement services including the creation and sending of custom validation dispute letters to creditors, and creditor goodwill letters, as well as Ovation recommendation letters signed by Ovation's Directing Attorney that customers can use in future dealings with potential lenders.

The property serving as collateral is frequently real estate — such as a commercial building or individual's home — but can also include vehicles, office equipment and fixtures, investment securities, inventory, receivables, letters of credit, and other tangible items of value.

Print in all capital black letters such things as your holder number, all bond numbers you are cashing in, how much of each bond you plan to cash in, your contact information, and how you want to be paid (i.e. direct credit to a bank account).

Collateral — You can secure your letter of credit with real estate or business assets such as inventory, equipment, or cash.

A letter of credit serves as a guarantee that the vendor you're working with will get paid.

You apply to Alaska USA for a letter of credit using cash, real estate, or other business assets as collateral.

Standby letters of credit — serve as an assurance to others that your business can meet its contractual obligations.

As we mentioned in a previous shareholder letter, Jason Zweig, the noted Wall Street Journal columnist and author of Your Money and Your Brain (2007), credited much of the investment success of value investors such as Warren Buffett (Trades, Portfolio) and Benjamin Graham to being «inversely emotional,» i.e., sharing a quality that goes beyond calm, «a certain imperturbability or implacability.&raquAs we mentioned in a previous shareholder letter, Jason Zweig, the noted Wall Street Journal columnist and author of Your Money and Your Brain (2007), credited much of the investment success of value investors such as Warren Buffett (Trades, Portfolio) and Benjamin Graham to being «inversely emotional,» i.e., sharing a quality that goes beyond calm, «a certain imperturbability or implacability.&raquas Warren Buffett (Trades, Portfolio) and Benjamin Graham to being «inversely emotional,» i.e., sharing a quality that goes beyond calm, «a certain imperturbability or implacability.»

A pre-approval letter provides more piece of mind to seller as it means buyer provided loan officer income and asset originals plus obtained a credit report.

The power and speed of its credit dispute letter automation makes credit repair as fast and easy as clicking your mouse.